Option500 does not tolerate money laundering and supports the fight against money launderers. Option500 follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.

ANTI-MONEY LAUNDERING

Option500 now has policies in place to deter people from laundering money. These policies include:

ensuring clients have valid proof of identification

maintaining records of identification information

determining that clients are not known or suspected terrorists by checking their names against lists of known or suspected terrorists

informing clients that the information they provide may be used to verify their identity

Money laundering occurs when funds from an illegal/criminal activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.

Money Laundering usually follows three stages:

firstly, cash or cash equivalents are placed into the financial system

secondly, money is transferred or moved to other accounts (e.g. futures accounts) through a series of financial transactions designed to obscure the origin of the money (e.g. executing trades with little or no financial risk or transferring account balances to other accounts)

And finally, the funds are re-introduced into the economy so that the funds appear to have come from legitimate sources (e.g. closing a futures account and transferring the funds to a bank account).

Trading accounts are one vehicle that can be used to launder illicit funds or to hide the true owner of the funds. In particular, a trading account can be used to execute financial transactions that help obscure the origins of the funds.

Option500 directs funds withdrawals back to the original source of remittance, as a preventative measure.

International Anti-Money Laundering requires financial services institutions to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to deter, detect and report potentially suspicious activity.

These guidelines have been implemented to protect Option500 and its clients.

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Risk Disclosure: CFD / Forex trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading CFD / Forex is fixed for each individual trade, the trades are live and it is possible to lose an initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment. All information in and on Option500.com is solely for informative means and is not intended to be taken as financial advice on any issue or subject. No users, traders or site viewers should act, or not act, as a result of Option500’s content without first consulting the suitable financial expert advice. Option500 and its affiliates publically repudiate all liabilities related to or resulting from, any acts, taken or not, founded on any or all of the content on this site. It is recommended that traders should know that CFD / Forex trading is known as a ‘high risk’ monetary activity that has the potential to cause the trader to lose part of, or all of, the invested funds in a relatively short time period. All traders are kindly advised to decide if this activity will fit their needs, if they have the financial resources for it and if this is a worthwhile personal undertaking. *owned by Option solution Online Ltd – 85 Great Portland Street, First Floor, W1W 7LT, London, England.